Nevada Revised Statutes

Nev. Rev. Stat. § 86.483 (2026)

Authority of member to bring action

✓ current as of July 2026
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NRS 86.483  Authority of member to bring action.  A member, including a noneconomic member unless otherwise prohibited by the terms of the articles of organization or operating agreement, may bring an action in the right of a limited-liability company to recover a judgment in its favor if managers or members with authority to do so have refused to bring the action or if an effort to cause those managers or members to bring the action is not likely to succeed.

      (Added to NRS by 2001, 1385; A 2001, 3199; 2003, 3141; 2007, 2425)

     

Notes of Decisions
Cited in 3 cases, 2009–2019 · leading case: NAMA Holdings, LLC v. Greenberg Traurig, LLP, 62 A.D.3d 578 (N.Y. App. Div. 2009).
NAMA Holdings, LLC v. Greenberg Traurig, LLP, 62 A.D.3d 578 (N.Y. App. Div. 2009). “Plaintiff, a member of Alliance Network, LLC (a limited liability company), had standing to bring this derivative action alleging that the law firm and one of its partners representing the LLC and its managers in other litigation had a conflict of interest as a result of the…”
Zelman v. Zelman (Me. Super. Ct 2019). · cites it 2× “” Nev. Rev. Stat. Ann. § 86.483 . Michael has failed to establish a factual record that satisfies these criteria.”
Pompei v. Clarkson (Nev. 2016). “520 (recognizing a shareholder's right to assert a derivative claim on behalf of a corporation); NRS 86.483, 86.485 (recognizing a member's right to assert a derivative claim on behalf of a limited-liability company); NRS 87A.”
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